List of public banks that offer loans to entrepreneurs (+ requirements)

If you are an entrepreneur, this is the time to take advantage of the financing offered by the various public banks in Venezuelaproviding you with the capital to start or grow your business.

These banking entities offer an important point for any business to get off the ground: capital. This initiative provides another benefit, which is to generate jobs and encourage innovation.

List of public banks in the country that offer loans

Bank of Venezuela

Banco de Venezuela offers CrediEmprendeBDV, designed to support projects that promote the growth of the entrepreneurial sector.

Requirements:

• Register on the Emprender Juntos platform
• Natural person, Venezuelan or naturalized foreigner
• Marketing your brands or products through social media
• Formalized personal signature
• Develop an economic activity of production or service in the national territory for no more than 2 years
• Have at least six (6) months in economic activity (not limiting)
• Have the physical infrastructure or digital platform necessary to develop or execute the corresponding activity through social networks
• Registration in the EmprendeBDV program

Treasury Bank

Ideal for entrepreneurs (natural persons) to enter the commercial field.

• Destination of funds: Acquisition of raw materials, working capital, purchase
  of machinery and equipment, remodeling of premises, acquisition of vehicle
  (any means of transport), purchase of parts and/or spare parts, payment of
  suppliers.
• Rate: According to Plan.
• Flat commission: 0.5%
• Maximum Amount to Finance: According to the client’s payment capacity.
• Fiscal Stamp: If necessary.
• Disbursement: Depending on the type of product requested by the customer, paid
  in different current account(s) at Banco del Tesoro.
• Grace Period: Up to 3 months (if applicable).

Bicentennial Bank

• Be a natural person, over eighteen (18) years of age.
• If you are a foreigner, you must have resident status in the country, with a minimum of two years’ experience.
  (2) years in the country.
• Be a client of the bank for six (6) months.
• The applicant must have worked at least one (1) year continuously at the time of
  process the request.
• The applicant must demonstrate experience in bank loans and/or credit cards
  (minimum six (6) months in the financial system).

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